Benefits Of Incorporating Nauru Offshore Company

Nauru is a small island country in Pacific Ocean. Nauru is the 2nd smallest country by population and 3rd smallest country by area in the world. Previously, Nauru was relying heavily on its phosphate deposits for its economic prosperity. But the country had to adopt new strategy after decline in its phosphate reserves. In 1990s, Nauru chooses to become a tax haven. Later in 2003, the country introduced anti-avoidance laws in order to be in the good books of Financial Action Task Force on Money Laundering (FATF). Now, the country provides good opportunities for offshore company formation and its status is also accepted by international community.

In contrast to most of the other island countries, tourism is not a major factor in the economy of Nauru and its focus is now primarily on the development of offshore companies for foreign investment. As a result, Nauru has become an important area for offshore company formation. It provides several benefits to those who want to establish IBCs in the country. Few of the most important advantages for Nauru offshore companies are listed below:

Nauru is completely free from all types of taxes and the offshore companies are not required to pay any taxes on their profit

Laws in the country ensure privacy for all the banking information related to offshore companies. Shareholder names are not listed in the public records

Usually it takes around 2 business days to establish an offshore company

An important reason for early formation of IBCs is the presence of shelf companies (https://www.dubaioffshorecompanysetup.com/blog/offshore-shelf-companies/) in Nauru

Only one shareholder and one director are required for formation of IBC in Nauru. Even a single person can hold both these positions

English is the second official language of the country. All legal documentation is conducted in the English language

All the shares of IBCs (International Business Companies) can be owned by foreigners

There is no requirement for minimum capital for Nauru IBC formation

Annual general meetings can be held anywhere in the world. These meetings can even be conducted via telephone

All these advantages provide an insight on the lucrative business opportunities available for foreign investors for the formation of an offshore company. To completely understand the whole procedure of Nauru offshore company formation, you can contact us via landline # 971-4-558-6339 or email address [email protected]

Dubai Offshore company setup is a part of RIZ & MONA Consultancy, We are specialized in offshore company formation, Business Setup in Dubai, Company formation in Free Zone of the United Arab Emirates and providing bank account solutions to individuals and corporates.